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20130129
20130206
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MSNBCW 20
CNN 19
CNNW 19
MSNBC 19
FOXNEWS 12
KNTV (NBC) 7
KQED (PBS) 4
WETA 4
WJLA (ABC) 3
WRC (NBC) 3
WUSA (CBS) 3
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English 150
Search Results 0 to 49 of about 150 (some duplicates have been removed)
MSNBC
Feb 1, 2013 9:00am EST
. >> i want to -- you look at all the numbers we got this week, the gdp report, the economy technically shrinking by 0.1 for the fourth quarter and most of it being chalked up to government -- to the lack of government spending particularly in the defense industry. and yet there were other parts of it in the private sector that looked strong. what's the reality here? are we an economy that's growing, that's recovering, or are we in an economy that's still on shaky ground? >> we're growing and we're recovering. the economy as measured by, say, gdp, that's kind of the economy's bottom line, that's the value of all the things we produce, that's been going 2%, 2.5%, and i don't think it's changed, that's about what we're growing right now. that's okay. but it's certainly not good enough in the context of the 7%, now 7.9% unemployment rate. yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer c
MSNBC
Feb 1, 2013 3:00pm PST
' they're even willing to hurt the economy itself. it's that's what it takes to hurt the president, they're willing to do it. >> any immediate economic setback or the perception of one could weaken obama's clout. maybe a sour economy is worth it if it will distract obama. >> there's a lot of talk these days about how the gop can come back politically. the quickest possible way politically with a contracting economy, if it happened again in the next quarter, that's a recession. >> shrinking the economy is a gop plan for a quick comeback? a sowerer economy is worth it if it distracts obama? folks, they really mean this. but despite it all. , the economy is improving under this president. we now have 35 straight months of private sector job growth. we've also learned today the economy added over 2 million jobs last year. the best year for the jobs since 2005. republicans are playing politics with people's lives. they're obsessed with cuts instead of jobs. they're focused on spending instead of hiring. the president kept his job because the american people trust him to create jobs for them.
FOX Business
Feb 1, 2013 11:00am EST
in washington are giving us what is good for the economy and that is a on a diet while the private sector continues to grow and when you compare us to the last expansion there were 150,000 private sector jobs added herman in the last expansion and in this expansion there are 200,000. believe it or not washington may be helping us. dagen: if times are so great, why is the ten year treasury below 2% on a yield? why hasn't the bond bear market showed up yet? which you were calling for last march? >> you are right. i got to tell you it has probably more to do with the craziness of central bankers than anything else? i was just in davos last weekend we spent a lot of time talking about the monetary policy, what is going on, how unorthodox this all is. the thing that i said to mark carney of the head of the bank of england was waived lb into uncharted waters and acknowledging we don't know how to get home we decided to sell deeper into uncharted waters. we are setting ourselves up for major problems. the fact that the fed continues to keep interest rates this low especially when i can point to
CSPAN
Feb 2, 2013 7:00am EST
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
FOX News
Feb 1, 2013 8:00am PST
the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: love them. jenna: we have a sneak peak at madison avenue's finest. it's all "happening now." take a look at unemployment rate, the new one that we got today i think it's going in the wrong direction. the news not all bad, not all good, we'll work through it for you everybody. glad to have you with us on friday. i'm jenna lee. jon: i'm glad it's friday. i'm jon scott. employers adding $157,000 jobs in january continuing the slow pace of job growth we have seen in recent months and years. it didn't make a dent in the unemployment rate. in fact the nation's jobless rate rising in january to 7.9%, clearly not good news. that doesn't seem to be phasing wall street, though. take a look at the dow, up more than 130 points, and approaching 14,000. senior white house foreign affairs correspondent wednesday algoler joins us live. >> reporter: as one analyst put it the top line is not so good but the bottom line is really not so b
CNBC
Feb 1, 2013 7:00pm EST
that gdp report. the gdp report it looked like who knows? whenever an economy shrinks, usually it's like kosh roaches, not just one, usually you get another negative quarter coming soon. so this kind of reassures us maybe there's going to be upward revision in that fourth quarter gdp report. so things look okay, we're creating jobs, but as you said, job growth is still really, really slow. listen, to get -- remember, we want to get back to like that 5% rate maybe. at this pace it will take 100 months to get back to 5%. so listen, maybe okay, you don't have to worry about a recession, but if you're looking for strong growth we're not seeing it yet. >> this is still -- we're going to bring in somebody from the joint economic committee in a second. this is still the worst modern recovery in gdp and jobs going back to 1947, no matter how you slice it. but i think the upper revisions really helped trigger the market. let's get a second opinion on today's jobs stories and the outlook for the economy. here we have a republican response. south carolina republican congressman nick mulvaney. he's
WETA
Feb 1, 2013 8:30pm EST
of 2009 was sparked by the fact that it was a rigged election, an illegitimate economy. the clip i wanted you to show was the one in which he was asked about the policy of containment. it was not a badgering issue. he said he supports the administration's policy of containment. he then gets a note and said, i have been told i made a mistake. of course, i am not in support of that. the policy of this administration on containment is that it does not have a policy. at which point, democratic senator levin had to rescue him and said, in fact, the administration has a policy on containment, and it is to oppose it. he was clueless. >> colby. clueless? >> he was in the position where he had to dodge a little bit. let's go back to the exchange with senator mccain on the surge. the issue was never the surge when you talk about iraq. the issue was, as senator nelson from florida framed it, going into iraq, because we thought their weapons of mass destruction. we end up with 4000 americans dead, $1.90 trillion from the war, and you tell me the issue is the surge? the issue was going into the countr
FOX News
Feb 1, 2013 1:00pm PST
the economy we have right now? >> i think you'd see more hiring and i think you'd see more spending. those are the key things that drive the economy. you mentioned the numbers today. here's a key potent of that number. average hourly earnings, basically how much people are making by hour, right, as they work. do you realize we're at a one and a half year high in average hourly earnings. guess what the number is. it's a little over 2%. nobody has i any money. taxes are going up and people are making really lousy wages. >> people talk about fixing the tax code. one of the big questions is where do you start? would income tax be where with u start or start with corporate taxes or something like that? >> you have a couple things going on. one thing that's huge is the amount of money that's overseas in these corporations, right. the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month.
FOX Business
Feb 1, 2013 9:20am EST
and the economy that's actually shrinks, well, harry reid says this is a recovery. okay. we'll talk about it. "varney and company" is about to begin. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. charles mckinney a -- charl: a bomb goes off in tour key, killing two, one expected to be the bomber. the bomb went off inside the security perimeter. no damage to the embassy reported, and we will bring you update to the story as they come in. now, of course, let's
MSNBC
Feb 1, 2013 8:00pm PST
's lives. that means we want to advance pro-growth reforms good for the economy. there are immigration things that are good for the economy. >> immigration was the first policy he talked about when he talked about pro-growth reforms. some workers, who are typically recovering, the best way to help them is with better training, better generous income tax credit, that is easier to provide in a growing economy with younger workers than in a sluggish one with budget deficits. immigration is not what hurts them, and it is not standing in the way of aiding them. in 2007, the congressional budget office found that legalizing undocumented immigrants would increase revenue by $48 billion, while costing only $3 billion increased public services. and that is before you get into the broader economic benefits. there are very few free lunches in public policy. usually it is a realm of hard choices, but taking advantage of our unique position as the country with the world's best and brightest, desperately a way to go? that is surely correct. "the ed show" is up next. >>> good evening, americans, and
MSNBC
Feb 1, 2013 12:00pm PST
unemployment at 14.4%. in the words of ed koch, how'm i doing? how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the job increa
CNN
Feb 1, 2013 6:00am PST
the end. that's for sure. >> oh, yeah. >> john berman, many thanks to you. >>> let's turn to the economy and new and encouraging signs this rng mmorning, more evidenc jobs market is recovering, albeit agonizingly slowly. 157,000 jobs were added last month and later this hour, wall street begins the day a little giddy. the dow celebrating its best january gains since 1994, and it all comes on the heels of president obama disbanding his jobs council, a group of business leaders who advised him on the economy. republicans were quick to seize on the news, scoffing at the white house's handling of the council and the economy overall. >> if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and sca scape goats when its premature announcements were false i suspected the economy would be better than it is doing here today. >> christine romans, is he right? the unemployment rate is still what, 7.9% now. >> yes, 7.9%, 157,000 jobs created in january. that's modest hiring. that is an economy that is healing still slo
MSNBC
Feb 1, 2013 7:00am PST
'm chris jansing. the economy is back in the spotlight. we just got the first jobs report of the year. unemployment ticked up .1% to 7.9% for january, adding 157,000 jobs. that is about what was expected, and continues the slow but steady economic recovery. it comes right after we learned the u.s. economy shrank for the first time in three years. gdp fell up .1% in the fourth quarter of 2012. part of the economic pause was because of hurricane sandy. but it was also because of big cuts in defense spending. >>> we also learned yesterday that members of the president's job council are out of a job. the council had a two-year charter that will not be renewed. this morning, speaker john boehner said this is the wrong time for president obama to scrap his jobs council and delay his budget. month after month, we see the same thing, high unemployment and even more debt. the white house knew this criticism was coming. >> when we hear some of the somewhat ridiculous criticisms about this, they come from people on capitol hill who have consistently opposed every growth initiative and job creati
ABC
Feb 3, 2013 9:00am EST
that but that is the point, getting rid of the shadow economy, the shadowow estence. getting these folks on the path to citizenship. if you know anybody who has been here initially illegally, youu know even when they get a green card, their entirire existence is devoted to getting citizenship. a green card is not their only desire. >> what about senator sessions' point about thehe unlawful flow of people into the country? >> the way we always have, and we have got much better. if you look at the n numbers of people who are caught at t -- some of this petition is due to the economy but a great deal of it is not. you just have to look to the resources we have put in and the successes. at som point, it is case of diminishing returns. you cannot makit like east berlin on the border.. itit is too big of a border. we cannot do that. but you can be very tough about it. >> all you need to stem the flow of immigration is an economy like the one we had this country for the fst 10 years iin the 21st century. that will do it. the idea of coming to share in americican prosperity and was quickly dashed. let's be
WHUT
Feb 1, 2013 7:00am EST
, looking at what's happening in business news. and jobs in the usa. >> the american economy is shrinking. employment, hoping for 160,000 new jobs to have been created. we will get the manufacturing reports later today as well. >> its 12 noon in london, 7:00 a.m. in washington, 2:00 in the afternoon in turkey. if we start with breaking news. there's been an explosion in front of the u.s. embassy in turkey and one person has been killed. there's no indication as to what caused the explosion in a neighborhood that's home to a number of foreign missions. let's get the latest from our correspondent outside the u.s. embassy. tell us what you know. >> one person killed. i have also seen reports saying possibly and two dead. it is impossible for me to get official confirmation. the place is swarming with police. police are limiting access to the immediate area where the explosion took place. i spoke to a witness earlier, an iranian gentleman who runs an office outside across from the embassy. he said that he saw a man on foot, but he was not sure, walking on foot up the road. and he saw a body b
FOX News
Feb 3, 2013 8:00am PST
the economy faster or put more people back to work. the problem is we have a stalemate in washington. this week, we received the 50 estimate of america's economic growth and it reminded us that bad decisions in washington can get in the waive our economic progress. >> eric: the president blames republicans, the republicans blame the president. who is to blame? both? we have the chair of the foreign pac and outreach director for john mccain for president and a congressman from pennsylvania. ford, you heard the litany from the president. after all, he is the commander in chief. he is the president... in charge? >> the president is the biggest obstac toll private-sector job growth in america right now. he seem, to we can tax, spend and regulate ourselves to prosperity. the private sector is asking for certainty. because the president doesn't want to pass a budget or modernize spending for bietlements. he is the big issue. it is up to him to take a long look in the mirror. i agree that congress has played a role. he needs to stop worrying about destroying republicans and start worrying a
MSNBC
Feb 1, 2013 11:00am PST
if the government is hurting the economy and keeping people from being enthusiastic or excited because of all the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the st
CNBC
Feb 1, 2013 6:00am EST
number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was a lot of good stuff. >> it doesn't startle the market at all when it came out. >> i don't know whether they're whistling past the grape yard -- the mark was over a contraction, but not negative. >> they were looking for growth of 1%. >> so it was expected to be -- to go down. no one thought it would be negative. but if you're looking for 1% and you minus a tenth -- >> it's off by one. >> you think it's going to hit the unemployment rate? there's a big debate. >> i have no idea. >> i it probably won't this time around -- >> plus one or zero is not a big difference. the reality is you need 3% gdp growth. >> that's assuming that he needs an introduction. >> you're right, he doesn't. thi
CBS
Feb 1, 2013 6:30pm EST
to cover the super bowl this sunday, but we start tonight with the economy. it took nearly five years but the dow is back above 14,000, a symbolic end to the worst economic crisis since the great depression. back in october of 2007 the dow hit an all time high of 14,164 and then the bottom fell out. by march of' 099, that key measure of america's economic health had fallen to 6,547. today the dow gained 149 points to close at 14,009. the market was giving a thumbs up to the latest jobs report. while unemployment did tick up a tenth of a point to 7.9%, a separate survey of employers shows that they added 157,000 new jobs. but is the stock market's big gain a sign of economic health or is it a wall street fever? here's anthony mason. >> reporter: super bowl souvenirs are rolling off the line in a hurry at win craft, the sports collectibles company if winnow ma, minnesota. super bowl sunday is big business here. president john killen says the company just had a strong sales year. >> it actually grew our employment base to about 50 people up from about 500. the sales jobs, accounting jobs
NBC
Feb 1, 2013 6:00am PST
of a skyscraper to shrapnel just ahead. >>> the u.s. economy jobless rate ticked a bit higher. we'll look at the exact numbers coming up in business news. >>> let's take a look back at the ferry building. that's our christina loren with the "today" show's al roker mixing it up with the live crowd. he joined christina for an interview earlier. we'll be back in minutes. first, a 49ers flashback. >> second and seven. throws across the middle. complete. heading to the corner. walker. [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. that's why i got them pillsbury toaster strudel. warm flaky pastry with delicious sweet filling my kids will love. plus i get two boxtops for their school. toaster strudel. the one kids want to eat. >>> welcome back. right now it's 6:14. time for a quick check of the day's top stories. amber alert in oakland. california highway patrol says a 1-year-old was kidnapped ov
MSNBC
Feb 1, 2013 11:00pm EST
you think. >>> there was encouraging news on the economy and the stock market just going crazy, right? but income inequality, my friends, is very real. it plagues this country. and senator bernie sanders will join me to talk about it and how to remedy this whole thing. stay with us. we'll be right back. ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. i'm here with daphne oz, a model of healthy habits. so daphene, do you eat activia. i do it's always in my fridge. and you know activia isn't just for minor digestive issues. exactly, it's also important for my overall well being because it helps regulate my digestive system. and when you feel good on the inside, it shows on the outside! whether at work, with friends, on a special night, or just enjoying an activia. shine from the inside out with activia. ♪ dannon >>> big shake-up in the senate in 2014. geraldo in, scott brown out. the bi
CNN
Feb 1, 2013 8:00am PST
report, the jobs report was very strong. it showed that 157,000 jobs were added to the economy in january. and sure the number came in a bit soft. what investors were looking at were the stronger revisions higher in november and december for those jobs numbers. so that was encouraging and that really got the dow over that level. but the focus yet today is on dow 14,000 because it's been five years since stocks were at this level and the optimists about this say it shows just how far we've come. >> remember, this? march 1999, the height of the dot com boom, dow hit 14,000 for the first time. >> it was a big deal when we hit 10,000, we gave out hats. these are big psychological levels, they're crescendos. >> fast forward to 2006, the height of the housing boom. dow 12,000. nine months after that, 14,000. but we wouldn't see that threshold again for a long time. the housing market was already crumbling, recession was lurking. now five years later, we're back and the returns staggering. >> reporter: bank stocks buoyed, bounced back. housing stocks through the roof, the rally is driven by you,
MSNBC
Feb 1, 2013 10:00am PST
and lots of attention. one thing that wasn't really in there in any specificity was the economy. it's a way forward on how she thinks the next right steps or what he thinks the next right steps are on the economy. there's some sort of gray area here in where he wants to head. >> now, before we get to chuck hagel, the sort of train wreck that happened yesterday, ruth marcus, the white house is coming out or hhs is coming out with new rules to liberalize the guidelines so that religious institutions are somewhat insulated, somewhat more insulateded. first of all, they're going to more broadly define religious institutions. also, give a separate provider so that the religious institutions themselves don't have to provide birth control to their employees. >> well, first of all, you said white house, and even though hhs issues these guidelines, one can be fairly sure that the white house was closely following this because this has been a difficult issue for them. what they did today was really an elaboration of a plan that they had proposed earlier. the theory, as i understand it, is that it won
CNN
Feb 1, 2013 9:00am PST
reports, 157,000 jobs were added to the economy, but the way wall street sees it, it came in soft. wall street is looking at it at a more broader view, and they are looking at the momentum from november and december, and you are seeing a stronger trend continue, so that's good news obviously. but then again there has been an underlying optimism already in the market, and that's being fueled by the federal reserve. and that's buying up mortgage backed treasury and securities, and that's driving interest rates lower so the best game in town as far as investors see it to make money is here in the stock market, and it's driving investors to the stock market. and what moved the needle, it was the jobs number, and how the next milestone for the dow will be the all-time high, and first we will see if it can hold at 14000 at the close, and then we will see what happens. >> how much confidence do we have in this rally? >> some say not much, and others say stocks are making a comeback and the economy is doing that as well. one well known economist talks about this, and here is what he had to say.
MSNBC
Feb 1, 2013 5:00pm PST
of this. first, the numbers. the nation's economy added 157,000 jobs in january, and the unemployment rate, well, it ticked up to 7.9%. but the jobs numbers for november and december were revised upwards significantly. this means more than two million jobs were created last year. the best number since 2005 and better than seven out of eight years in the bush/cheney era. . now the economy has now gained 5.5 million jobs out of the 8.74 million jobs lost in the great recession. we got a long way to go. no doubt about it. now the stock market is on a roll. it topped 14,000 today for the first time since 2007. 100,000 construction jobs were added in the last four months of 2012, and today chrysler posted its highest sales in five years. and there is another side of this story, of course. millions of people are still out of work. the economy actually shrank by a tenth of a point last quarter because of what? government cutbacks. 2/3 of americans are planning to delay the retirement according to "the wall street journal" because of the financial losses. income stagnation and layoffs over the pas
FOX News
Feb 1, 2013 6:00am PST
. look what is going on in the u.s. economy because we got brand new jobs numbers that just came out and they show sluggish hiring in the month of january. the labor department reported that the national unemployment rate jumped a little bit, now 7.9% up from 7.8% from the previous month. that doesn't really include people who decided they wouldn't look for work anymore and dropped out of the workforce for the time-being. the latest report showed employers added 15,000 jobs last month, not enough to really stimulate the economy -- 157,000. or create a new jobs growth picture. bring in fox business network senior correspondent charles gasparino. what is your take on these? >> not uniformly terrible. we added jobs in prior months. revised some of the job additions upward. we did create jobs but what i will tell you is carry about this number the narrative remains the same. this is an extremely slow-growing economy that is producing jobs at a very meager rate. when more people look for jobs unemployment ticks up. a quirk in the numbers. takes too long to explain why. the narrative, mart
NBC
Feb 1, 2013 11:00am PST
you know why this one took so long. >>> some solidly mediocre news about the economy, and the dow crosses 14,000. business news just ahead. >>> and nothing mediocre about the forecast on this first day of february. you may think we're moving into spring based on the temperatures we're already seeing outside right now close to 60 degrees. could see 70 in parts of the bay area. we'll look at your super bowl weekend forecast when we come right back. >>> there's more news this morning. the american economy is stuck right in neutral, but scott mcgrew says, hey, the stock market didn't even seem to notice. >> yes, good morning. starting with jobs, the american economy added 157,000 jobs to the month of january. that's a solid number, kind of a huh number. the unemployment rate rises to 9.7%, up 0.1%. now on wall street, they seem not too bothered about that. in fact, the dow industrials crossed over 14,000 for just a little bit there. here we see the nasdaq open. they're wearing red because of heart health. the federal trade commission this morning says the app path will pay $800,000 in
ABC
Feb 1, 2013 5:30pm PST
endured white knuckle days the economy tanking, debating along the way, should i keep my money in? do i take it out? dave ramsey travels across the country giving financial advice, he has 5 million radio listeners a week, a giant voice urging boomers near the bottom of the market -- telling them keep their money in. a lot of people think if they take it out they can time the market. >> we were standing in the street corners screaming when everything was going down, don't pull your money out, the only person that gets hurt on a roller coaster are those that jump off. >> reporter: a study says two-thirds of americans plan to delay retirement, rosemary just retired when the market began to drop. she stayed the course on on track, now giving tips to other boomers. but the advice her husband dividend, keeping their 401(k)s. >> he wanted to pull everything out, i hoped it would come back, we decided to leave it there and hope it would come back. >> reporter: who was right? >> theoretically i was, but it's come back about 75%. >> reporter: and look at this tonight, our business unit crunching
CBS
Feb 1, 2013 5:30pm PST
there was strength in construction, manufacturing, and retail hiring. the labor department also said the economy added 422,000 more jobs last year than first reported. that upped the average monthly job growth in 2012 from 153,000 to 181,000. but the economy is facing new head winds with the payroll tax rising again from 4.2% to 6.2%. how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave at least a percentage point off of g.d.p. growth. >> reporter: and slower growth of course, means less hiring. but many economists believe that will only be a temporary setback to the economy while people adjust, scott. >> pelley: anthony, one of the worst problems in unemployment has been long-term unemployment. have we made a dent in that? >> reporter: scott, there are still 4.7 million people out there who are out of work more than six months, but this is encouraging. the average length a person is unemployed has dropped to 35.3 weeks
FOX News
Feb 4, 2013 3:00am PST
to turn around that state's economy. when it comes to the issue the health care, the governor is going head to head with the president. >>gretchen: brian met up with the governor down in baton rouge. what did you find out, brian? >>brian: it was ironic yesterday. governor jindal is talking about knocking taxes down to zero for the people in louisiana. watch. >> since i've been governor, for example, we've got 17,000 fewer government jobs, government positions. we've got now our state budget is 26% smaller. i made it absolutely clear we're not going to raise taxes, but look at what's happened. per capita income, our sri lanka hiren -- our rank is higher than 80 years. for five years in a row we've had more people move into the state rather than leave the state. >>brian: phil mickelson deserves credit by bringing this front and center. i'll paraphrase. i'm giving away 60% of my income. you are looking to do what california is not. that is knock their state tax down to zero. how do you make up that revenue if you want to join florida and texas? >> in louisiana, we've got the fourth-lowest
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